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help needed - endowments
Hi My parents have had a mortgage with bradford and bingley for 25 years. It was an intrest only mortgage and they had an insurance policy running alongside it, which they were led to beleave would mature and pay the mortgage after 25 years. I know it might sound daft but they didnt really know what they were getting into…
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Advice please
Hi, My partner and I are currently buying a new build at the moment. We were declined by Halifax as they did not understand my partners wage structure, even after submitting lots of paperwork about it. We then went to Natwest who then undervalued the property by over 20k, which we could not persuade the builders to drop…
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Remortgage redeption question
Hi all, I am re-mortgaging presently and have been sent a settlement figure from my existing lender. It has the following information: Redemption amount on 30th March = £78628.60 Daily rate of interest = £13.82 This is my first time re mortgaging and I do not understand what the daily rate of interest is or means or how I…
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Remortgage to include debt?? Any thoughts/Advice please?
Good afternoon everyone, my name is Bruce and this is my first post on here even though i've been actively browsing the forum for some time. Anyway, due to changing circumstances i've decided to take the plunge and ask for your thoughts or any advice on my particular predicament... so here goes! Long story short i've…
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Move back in with parents to save deposit??
I was wondering if anybody has sucessfully moved back into their parents home with their wife/kids to save for a deposit?? How much did you save how quickly- we're paying £900pcm and after bills etc are barely able to save £200 per month on our low wages (£35000 a year between us) Any experiences would be welcome positive…
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Mortgage Arrears.
Hi, I'm currently in arrears, not a major amount but it's still arrears and i was wondering what are my best options or fastest ways out of arrears and i dont make million's. Thanks.
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Is this even possible??
Hi, like many I am looking/dreaming of buying my first house. My wife and I do not have any savings to put down a deposit so we have never really looked into mortgages to seriously. Just recently a well off friend offered to buy a house with us. An investment for him as he would not want to live in it. He would be prepared…
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Overpay mortgage or wait?
I have a fixed rate mortgage at 3.99% till April 2014. The balance is around £91,000 and the term remaining is 27 years. Redemption penalty is 3% till the end of the fixed term. I can overpay by £499 a month plus 10% of the outstanding balance each January. I am shortly due to inherit around £30,000; question is do I use…
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dropping to standard rate from fixed
Hi all, I have just had a meeting with my mortgage provider to discuss what happens when my fixed deal finishes in a few months. Basically I have been told that by default I will be going to base + 2%. On the face of it, that currently saves me a few hundred a month on the repayment amount which on first glance is great.…
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halifax mortgage application - help
Hi, I am looking for some advice. I have applied for a mortgage of 90,000 with halifax. got a mortgage promise, found a property and proceeded to full application stage. I am approached halifax direct. I was told they had done 2 searches on by credit file and i had passed both but it was a 'c' pass. My credit file is not…
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Paid up Policy......Getting my money!
Hi, I am new to this site but I am looking for some advice. 25.5 years ago I took out a policy to be attached to my mortgage, an endowment. Well, it matured last October 2011, the company, Pheonix, say they wrote to me three times to ask me to claim the money or have it sent to a mrtgage lender. None of the letters were…
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Can anyone recommend a fee-free mortgage broker in London?
Hello everyone, I'm looking for an independent fee-free mortgage broker in London (preferably somewhere central-ish or east). Can anyone recommend one (or tell me if any exist)? I know that there are telephone-only brokers but as I have some quite complicated circumstances so I would like to find a face-to-face broker if…
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Repossession Help
Hi there, I'm looking for any ideas that might help stop my partners house being repossessed. Basically he owes almost £3,000 in arrears on his mortgage and had a court date of 13/3. He has been unemployed and to get out of this situation has gone through a steps to work program to set up his own business. This course…
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best way to help daughter?
My 23 year old daughter is renting has next to nothing savings and wants to move back home to save for her mortgage deposit. This could take 2 years! We would prefer to get her on the property ladder sooner rather than later.... Is it possible to do the following: Option 1 1) We use cash savings to buy her first small home…
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Searches
Hi, I have had my local authority search back for our house purchase, what other searches are normal when buying a newbuild?
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Self-Build Mortgage MADNESS
We are in the final stages of our mortgage application. We have missed both dates of completion due to the mortgage lender. Just when we think all is okay, they spring another surprise on us! The latest is that we are under-insured. The value of the house (uninhabitable) is £75k. The estimated completion value is £400k and…
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Mortgage advice / help for our family - can you help?
Hi all, I need some advice from you lovely lot if possible? My folks are in difficulty and have come to my husband and myself asking if we could take on their mortgage. They estimate that if they continue the same way as now they will have to sell the house by this time next year. This is something none of us want to…
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Mortgages confuse me!!!
Hi Guys, Just after a bit of quick advice... My partner is with Nationwide and they are offering 95% mortgages if you have saved with them for so long... We have enough saved up now for a deposit and to cover fees etc... Now she has never defaulted on any payments or had any CCJ's... I have :-( I've paid back a couple of…
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mortgage for over 70s
I have an interest only mortgage ending soon and cannot pay the mortgage amount required. I am trying to remortgage but at 74 am finding it hard to get a mortgage I am still at work running a business and my wife works so we have the necessary amount coming in to pay the monthly payments. Is there anyone out there who will…
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Offset Mortgage - Can you clarify ?
Hi there, I'm looking at remortgaging, and I'm tempted with the offset mortgages on offer at First Direct. 1. Hubby and I have savings of £26k (we have other emergency cash too) 2. House Valued £180k 3. Remaining mortgage £70k 4. Term 15 years 5. 3.79% 3 year fixed, with any amount of overpayment allowed We are looking to…
